Security · Updated 28 Oct, 03:14 am IST
Bank of America warns customers: don’t share passwords with AI assistants
Why it matters for readers: It explains a simple safety rule: don’t give your banking username/password to AI assistants because it risks your money.
- Bank of America sent an email titled “Protecting your finances in the AI World” telling customers never to share usernames and passwords with outside services, including AI tools or agents.1
- The bank warned that sharing credentials could let an AI assistant act on a user’s finances without their knowledge or trigger the bank to lock an account.1
- Bank of America highlighted the risk that a security flaw in an AI assistant could leak banking credentials to attackers.1
- The warning comes as banks consider how to support AI agents and agentic payments while preventing unauthorized access to customer funds.1
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